Television

Balaji announces Q1 results; net profit at Rs 141 million

MUMBAI: Balaji Telefilms Ltd has posted a net profit of Rs 141.50 million for the quarter ended 30 June, 2003 as compared to Rs 126.83 million for the quarter ended 30 June, 2002.

Total income has increased from Rs 397.89 million in the JQ-02 to Rs 470.61million in the quarter ended 30 June, 2003, according to the company posting on the Bombay Stock Exchange.

Commenting on the quarter performance Shobha Kapoor, CEO and managing director, was quoted as saying, "Our efforts to de-risk and scale up the business model have started delivering results even in a tough environment. The investments in infrastructure and systems have led to substantial savings in the cost of operations, thereby further improving the company's profit margins. On the business front, we see tremendous opportunities in the regional and international markets. We are confident that our value proposition to our viewers and customers will take Balaji Telefilms to newer heights."